South32 exercises Chita Valley earn-in right
Diversified miner South32 has exercised its earn-in right to acquire a 50.1% ownership interest in Minera Sud Argentina (MSA), Minsud’s indirect subsidiary that holds and operates the Chita Valley project. South32 had to advance C$14-million over four years to MSA to fund exploration programmes. The company completed its capital contribution over a three-year period.